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12th Grade > Economics - 2

PRE INDEPENDENCE MCQs

Total Questions : 26 | Page 2 of 3 pages
Question 11. The Ryotwari system was implemented in
  1.    North-West India
  2.    North India
  3.    South India
  4.    Central India
 Discuss Question
Answer: Option C. -> South India
:
C
The Ryotwari system was implemented in South India. Under this system, the government officials directly collected revenue from farmers.
Question 12. The phenomenon of increased differences in wealth between the rich and poor countries which started around 1800 is called ___
  1.    The Great Divergence
  2.    The Great Convergence
  3.    The Great Depression
  4.    The Great Boom
 Discuss Question
Answer: Option A. -> The Great Divergence
:
A
The phenomenon of increased differences in wealth between the rich and poor countries which started around 1800 is called the great divergence.
Question 13. Famines occur only because there is not sufficient food to feed everyone. State true or false.
  1.    True
  2.    False
  3.    Service sector
  4.    None of these
 Discuss Question
Answer: Option B. -> False
:
B
Absolute scarcity of food i.e. a condition where there is insufficient food to feed everyone is extremely rare. Famines occur mostly because the food doesn't reach the people who need it the most. Hence, famines can also occur as a result of governance failures.
Question 14. In the post-industrial world, people and not productivity was the main driver of growth.
  1.    True
  2.    False
  3.    The shift from a major exporter to a major importer of cotton
  4.    All of these
 Discuss Question
Answer: Option B. -> False
:
B
False.In the post-industrial world, productivity and not people was the main driver of growth.
Question 15. Under which of the following systems was the village headman responsible for rent collection?
  1.    Zamindari system
  2.    Ryotwari system
  3.    Mahalwari system
  4.    None of these
 Discuss Question
Answer: Option C. -> Mahalwari system
:
C
The village headman responsible for rent collection under the Mahalwari system. Under this system, the rent could be increased periodically.
Question 16. In pre-industrial times, which of the following contributed the most to a country's economy?
  1.    agriculture
  2.    trade of agricultural products
  3.    manufacture
  4.    trade of manufactured products
 Discuss Question
Answer: Option D. -> trade of manufactured products
:
D
Even though the economy was primarily agrarian, the revenues from trade mainly arose out of trade of manufactured products.
Question 17. In which of the following systems was the rent fixed and a revenue collector was appointed by the government who was responsible for rent collection?
  1.    Zamindari system
  2.    Ryotwari system
  3.    Mahalwari system
  4.    None of these
 Discuss Question
Answer: Option A. -> Zamindari system
:
A
In the Zamindari systemthe rent was fixed and a revenue collector was appointed by the government who was responsible for rent collection.
Question 18. In which stage of the demographic transition model is there a decline in the total population?
  1.    Stage 1
  2.    Stage 2
  3.    Stage 4
  4.    Stage 5
 Discuss Question
Answer: Option D. -> Stage 5
:
D
The total population declines during the fifth stage of the demographic transition model which is called the decline stage.
Question 19. 13th century Britain was characterized by a high birth rate, high death rate and an average life expectancy of 31 years. What stage of the demographic transition model is this?
  1.    High stationary
  2.    Low stationary
  3.    Declining
  4.    Early expanding
 Discuss Question
Answer: Option A. -> High stationary
:
A
High birth and death rates along with a short life expectancy mean that the population was in the high stationary stage in the demographic transition model.
Question 20. Why did US adopt the UK's technology readily?
  1.    Wages for labour were much lower in US compared to the UK
  2.    The US was forced to adopt the technology by the UK
  3.    USA faced a lack of capital
  4.    Wages in the US were high and comparable to that of the UK.
 Discuss Question
Answer: Option D. -> Wages in the US were high and comparable to that of the UK.
:
D
The UK technology was capital intensive and labour saving and made sense in a high wage US economy.

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